Bang Overseas Ltd,Saksoft Ltd,Vadilal Industries Limited,Sakuma Exports Ltd, Sandur Manganese & Iron Ores Ltd and Avenue Supermarts Ltd (DMART) are in race for the Indian Affairs India’s Most Valuable Company in Corporate Governance 2018 at ILC Power Brand Awards 2018
Governance norms for Indian listed companies are set out in the Companies Act, a detailed clause (Clause 49) in the listing agreement that companies sign with the exchanges and in SEBI’s new Listing Obligations and Disclosure Requirement Regulations of 2015. The Indian economy is expected to become the fastest growing major economy in the world in 2018 and the interest that Indian businesses is generating among foreign investors shows no signs of abating. However, while willing to commit growth capital to Indian businesses, a key measure of performance that global investors are factoring in is the standard of corporate governance. Increased scrutiny by regulators such as the Reserve Bank of India, and Securities and Exchange Board of India (Sebi), and increased vigilance by minority and institutional shareholders have also led Indian companies to improve their corporate governance standards. India Leadership Conclave 2018 bring out the final six nominees for the coveted “Indian Affairs India’s Most Valuable Company in Corporate Governance 2018” at the prestigious 9th Annual editions of Business Leadership Awards. The final winner will be announced in a glittering power packed assembly of more than 350 industry leaders, business tycoons, policy makers, diplomats, politicians,reformers at Hotel Sahara Star on 6th July 2018
Indian Affairs India’s Most Valuable Company in Corporate Governance 2018 Nominees
1.Bang Overseas Ltd
3.Vadilal Industries Limited
4.Sakuma Exports Ltd
5.Sandur Manganese and Iron Ores Ltd.
6.Avenue Supermarts Ltd
Good corporate governance is now widely recognised as essential for establishing an attractive investment climate characterised by competitive companies and efficient financial markets. Corporate governance is the system by which companies are directed and controlled. Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined. Good corporate governance should provide the proper incentives to pursue objectives that are in the interest of the company and shareholders and should facilitate effective monitoring, thereby encouraging firms to use resources effectively. One key element in improving economic efficiency is good corporate governance. The importance of efficient financial markets for growth is now supported both at the macroeconomic and microeconomic level, as well as the broader relationship between corporate governance arrangements and growth. There is an increasing amount of empirical evidence showing that some fundamental aspects of good corporate governance play a key role in improving performance, by facilitating corporate access to capital markets, improving investor confidence and contributing to corporate competitiveness.